End of day analysis for Crude oil 13-02-2019

Economies.com
2019-02-13 19:31PM UTC

Crude oil price started to test the neckline of the inverted head and shoulders’ pattern at 54.50, waiting to confirm the breach to activate the positive effect of this pattern and get strong motive that supports the chances of achieving our main targets that reach 57.46 followed by 65.00.

 

Therefore, we will continue to suggest the bullish trend conditioned by the price stability above 52.35.

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